Starting Dynare (version 6.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
WARNING: P15b.mod:199.1-32: Symbol y declared twice.
WARNING: P15b.mod:199.1-32: Symbol c declared twice.
WARNING: P15b.mod:199.1-32: Symbol k declared twice.
WARNING: P15b.mod:199.1-32: Symbol i declared twice.
WARNING: P15b.mod:199.1-32: Symbol n declared twice.
WARNING: P15b.mod:199.1-32: Symbol y_n declared twice.
WARNING: P15b.mod:199.1-32: Symbol z declared twice.
WARNING: P15b.mod:199.1-32: Symbol r declared twice.
WARNING: P15b.mod:199.1-32: Symbol w declared twice.
WARNING: P15b.mod:199.1-32: Symbol sigma_c declared twice.
Found 10 equation(s).
Evaluating expressions...
Computing static model derivatives (order 1).
Normalizing the static model...
Finding the optimal block decomposition of the static model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Computing dynamic model derivatives (order 3).
Normalizing the dynamic model...
Finding the optimal block decomposition of the dynamic model...
3 block(s) found:
  2 recursive block(s) and 1 simultaneous block(s).
  the largest simultaneous block has 6 equation(s)
                                 and 6 feedback variable(s).
Preprocessing completed.
Preprocessing time: 0h00m00s.

STEADY-STATE RESULTS:

y       		 1.21659
c       		 0.924354
k       		 14.6117
i       		 0.292233
n       		 0.300533
y_n     		 4.04809
z       		 0
r       		 0.0099741
w       		 2.59078
sigma_c 		 1.5

EIGENVALUES:
         Modulus             Real        Imaginary
            0.95             0.95                0
          0.9668           0.9668                0
           1.045            1.045                0
        5.05e+16         5.05e+16                0
             Inf              Inf                0

There are 3 eigenvalue(s) larger than 1 in modulus for 3 forward-looking variable(s)
The rank condition is verified.


MODEL SUMMARY

  Number of variables:         10
  Number of stochastic shocks: 1
  Number of state variables:   2
  Number of jumpers:           3
  Number of static variables:  5


MATRIX OF COVARIANCE OF EXOGENOUS SHOCKS
Variables         e_z
e_z          0.000049



MOMENTS OF SIMULATED VARIABLES
VARIABLE              MEAN       STD. DEV.        VARIANCE        SKEWNESS        KURTOSIS
y                 1.212732        0.029311        0.000859        0.057767        0.244991
c                 0.921641        0.013026        0.000170        0.171667        0.089245
k                14.545146        0.339641        0.115356        0.138957        0.015535
i                 0.291091        0.019673        0.000387       -0.014375        0.157639
n                 0.300861        0.001599        0.000003       -0.037437       -0.000936
y_n               4.030925        0.097141        0.009436        0.053125        0.174938
r                 0.010092        0.000525        0.000000        0.006612       -0.003178
w                 2.585386        0.025379        0.000644        0.074599       -0.000730
sigma_c           1.505787        0.043966        0.001933       -0.057767        0.244991


CORRELATION OF SIMULATED VARIABLES
VARIABLE          y        c        k        i        n      y_n        r        w  sigma_c
y            1.0000   0.8405   0.6774   0.9334   0.1228   0.9758  -0.5201   0.5203  -1.0000
c            0.8405   1.0000   0.9678   0.5901  -0.4333   0.9384  -0.8992   0.8997  -0.8405
k            0.6774   0.9678   1.0000   0.3684  -0.6460   0.8218  -0.9801   0.9805  -0.6774
i            0.9334   0.5901   0.3684   1.0000   0.4699   0.8325  -0.1795   0.1795  -0.9334
n            0.1228  -0.4333  -0.6460   0.4699   1.0000  -0.0972   0.7836  -0.7832  -0.1228
y_n          0.9758   0.9384   0.8218   0.8325  -0.0972   1.0000  -0.6943   0.6944  -0.9758
r           -0.5201  -0.8992  -0.9801  -0.1795   0.7836  -0.6943   1.0000  -0.9998   0.5201
w            0.5203   0.8997   0.9805   0.1795  -0.7832   0.6944  -0.9998   1.0000  -0.5203
sigma_c     -1.0000  -0.8405  -0.6774  -0.9334  -0.1228  -0.9758   0.5201  -0.5203   1.0000


AUTOCORRELATION OF SIMULATED VARIABLES
VARIABLE         1       2       3       4       5
y           0.9411  0.8834  0.8300  0.7813  0.7339
c           0.9904  0.9789  0.9660  0.9519  0.9363
k           0.9980  0.9938  0.9872  0.9785  0.9678
i           0.9097  0.8224  0.7431  0.6722  0.6045
n           0.9429  0.8869  0.8351  0.7875  0.7409
y_n         0.9630  0.9259  0.8905  0.8572  0.8240
r           0.9953  0.9885  0.9796  0.9689  0.9564
w           0.9953  0.9885  0.9796  0.9689  0.9565
sigma_c     0.9411  0.8834  0.8300  0.7813  0.7339
Total computing time : 0h00m06s
Note: 10 warning(s) encountered in the preprocessor
